Tata Steel CA fresher Interview Questions and Answers

Q1. Introduction,Job description,Work experience
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Q1. As per resume and technical information
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Q1. Resume profile,Salary,location
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Q1. What is different between buyer credit or supplier credit
Ans. 
Buyer credit is credit extended to the buyer by a financial institution, while supplier credit is credit extended to the buyer by the supplier.
• Buyer credit involves a financial institution providing credit to the buyer to make a purchase, while supplier credit involves the supplier offering credit terms to the buyer.

• Buyer credit typically involves lower interest rates compared to supplier credit.

• Buyer credit may involv...read more
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Q2. What is Lc or bg
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LC or BG stands for Letter of Credit or Bank Guarantee, commonly used in international trade to ensure payment or performance.
• LC is a financial document issued by a bank to guarantee payment to a seller upon presentation of documents confirming shipment of goods.

• BG is a promise from a bank to cover a buyer's payment to a seller if the buyer fails to fulfill the terms of a contract.

• Both LC and BG provide security for tr...read more
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English maths gk,reasoning,science,current affairs

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Q1. What is IND AS 109
Ans. 
IND AS 109 is a financial reporting standard that deals with the accounting for financial instruments.
• IND AS 109 is based on the International Financial Reporting Standards (IFRS) 9.

• It covers the classification, measurement, and recognition of financial assets and liabilities.

• It requires entities to measure financial instruments at fair value, with changes in fair value recognized in profit or loss.

• It also introduces n...read more
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Q1. How to close month end
Ans. 
To close month end, review financial transactions, reconcile accounts, prepare financial statements, and analyze variances.
• Review all financial transactions for accuracy and completeness

• Reconcile accounts to ensure all transactions are accounted for

• Prepare financial statements such as income statement, balance sheet, and cash flow statement

• Analyze variances between actual and budgeted amounts to identify any discrepanc...read more
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Q1. Basics questions nothing much more
Ans. Just tell them about yourself and your exceptions
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Q2. Tell me about your last organization
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Q1. Brief about yourself
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Q1. Experience details
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Q1. Tell me about your self
Ans. I am Vikram Dalvi from Thane Mumbai, I am leaving with my family wife and mother. Mother is old. My wife Kirti is working with Raj shivaji Vidhyalaya dadar. Currently I am working with ArcelorMittal Liberia in account department with payable team. Previously I worked with many companies such as Balmer Lowrie, Syntel etc.
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Multiple choice questions to be solved online

Q1. What is your profile ?
Ans. I am in Account and Finance department of AML. My role is to check and book invoices. To review contract and Purchase order, time sheet, Log sheet, work completion certificate etc. Also I am engaged in monthly closing activity a nd Mis report preparation etc.
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